The law mandates the National Treasury to authorize the issuance of Sh 102,305,909,030 out of the Consolidated Fund and apply it towards various government departments.
Recurrent expenditure has increased on the recurrent budget by Sh51.12 billion which negates efforts by President Ruto's administration to reduce huge wage bill. The State Department for Arid and Semi-Arid Areas and Regional Development for humanitarian will receive Sh4.3 billion to support those affected by floods.The Ministry of Roads and Transport will receive Sh1 billion for emergency rehabilitation of roads affected by the floods.
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Kenya: President Ruto Signs Division of Revenue Bill Into LawPresident William Ruto has assented the Division of Revenue Bill,2024,which paves way for the submission of financial estimates for the financial year 2024/2025.
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